Official Form 201 Voluntary Petition for Non-Individuals Filing for … · 2020. 8. 4. · $10,000,000,001 - $50 billion More than $50 billion Official Form 201 Voluntary Petition

Fill in this information to identify your case:

United States Bankruptcy Court for the:

EASTERN DISTRICT OF MICHIGAN

Case number (if known) Chapter 11Check if this anamended filing

Official Form 201Voluntary Petition for Non-Individuals Filing for Bankruptcy 04/20

If more space is needed, attach a separate sheet to this form. On the top of any additional pages, write the debtor's name and the case number (ifknown). For more information, a separate document, Instructions for Bankruptcy Forms for Non-Individuals, is available.

1. Debtor's name Boyce Hydro Power, LLC

2. All other names debtorused in the last 8 yearsInclude any assumednames, trade names anddoing business as names

3. Debtor's federalEmployer IdentificationNumber (EIN)

26-1373034

4. Debtor's address Principal place of business Mailing address, if different from principal place ofbusiness

6000 South M-30P.O. Box 15Edenville, MI 48620

10120 West Flamingo Road, Ste 4# 192Las Vegas, NV 89147

Number, Street, City, State & ZIP Code P.O. Box, Number, Street, City, State & ZIP Code

Midland Location of principal assets, if different from principalplace of businessCounty

Number, Street, City, State & ZIP Code

5. Debtor's website (URL)

6. Type of debtor Corporation (including Limited Liability Company (LLC) and Limited Liability Partnership (LLP))

Partnership (excluding LLP)

Other. Specify:

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 120-21215-dob Doc 1 Filed 07/31/20 Entered 07/31/20 22:20:38 Page 1 of 51

Debtor Boyce Hydro Power, LLC Case number (if known)Name

7. Describe debtor's business A. Check one:

Health Care Business (as defined in 11 U.S.C. § 101(27A)) Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B)) Railroad (as defined in 11 U.S.C. § 101(44)) Stockbroker (as defined in 11 U.S.C. § 101(53A)) Commodity Broker (as defined in 11 U.S.C. § 101(6)) Clearing Bank (as defined in 11 U.S.C. § 781(3)) None of the above

B. Check all that apply

Tax-exempt entity (as described in 26 U.S.C. §501)Investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C. §80a-3)Investment advisor (as defined in 15 U.S.C. §80b-2(a)(11))

C. NAICS (North American Industry Classification System) 4-digit code that best describes debtor.See http://www.uscourts.gov/four-digit-national-association-naics-codes.

8. Under which chapter of theBankruptcy Code is thedebtor filing?

A debtor who is a “smallbusiness debtor” must checkthe first sub-box. A debtor asdefined in § 1182(1) whoelects to proceed undersubchapter V of chapter 11(whether or not the debtor is a“small business debtor”) mustcheck the second sub-box.

Check one:

Chapter 7 Chapter 9 Chapter 11. Check all that apply:

The debtor is a small business debtor as defined in 11 U.S.C. § 101(51D), and its aggregatenoncontingent liquidated debts (excluding debts owed to insiders or affiliates) are less than$2,725,625. If this sub-box is selected, attach the most recent balance sheet, statement ofoperations, cash-flow statement, and federal income tax return or if any of these documents do notexist, follow the procedure in 11 U.S.C. § 1116(1)(B).

The debtor is a debtor as defined in 11 U.S.C. § 1182(1), its aggregate noncontingent liquidateddebts (excluding debts owed to insiders or affiliates) are less than $7,500,000, and it chooses toproceed under Subchapter V of Chapter 11. If this sub-box is selected, attach the most recentbalance sheet, statement of operations, cash-flow statement, and federal income tax return, or ifany of these documents do not exist, follow the procedure in 11 U.S.C. § 1116(1)(B).

A plan is being filed with this petition.Acceptances of the plan were solicited prepetition from one or more classes of creditors, inaccordance with 11 U.S.C. § 1126(b).

The debtor is required to file periodic reports (for example, 10K and 10Q) with the Securities andExchange Commission according to § 13 or 15(d) of the Securities Exchange Act of 1934. File theAttachment to Voluntary Petition for Non-Individuals Filing for Bankruptcy under Chapter 11(Official Form 201A) with this form.

The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule 12b-2. Chapter 12

9. Were prior bankruptcycases filed by or againstthe debtor within the last 8years?

No.

Yes.

If more than 2 cases, attach aseparate list. District When Case number

District When Case number

10. Are any bankruptcy casespending or being filed by abusiness partner or anaffiliate of the debtor?

No

Yes.

List all cases. If more than 1,attach a separate list Debtor See Bankruptcy Petition Cover Sheet Relationship

District When Case number, if known



11. Why is the case filed inthis district?

Check all that apply:

Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediatelypreceding the date of this petition or for a longer part of such 180 days than in any other district.

A bankruptcy case concerning debtor's affiliate, general partner, or partnership is pending in this district.

12. Does the debtor own orhave possession of anyreal property or personalproperty that needsimmediate attention?

No

Yes. Answer below for each property that needs immediate attention. Attach additional sheets if needed.

Why does the property need immediate attention? (Check all that apply.)

It poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety.What is the hazard?

It needs to be physically secured or protected from the weather.

It includes perishable goods or assets that could quickly deteriorate or lose value without attention (for example,livestock, seasonal goods, meat, dairy, produce, or securities-related assets or other options).

Other

The Debtors do not believe that any of their property constitutes hazardous property.However, see the Declaration of Lee W. Mueller In Support of First-Day Motions andApplications for a more detailed description of the Debtors' property.

Where is the property?Number, Street, City, State & ZIP Code

Is the property insured?

No

Yes. Insurance agency Cool Insuring Agency, Inc.

Contact name Bob MuncilPhone 518-783-2665

Statistical and administrative information

13. Debtor's estimation ofavailable funds

. Check one:

Funds will be available for distribution to unsecured creditors.

After any administrative expenses are paid, no funds will be available to unsecured creditors.

14. Estimated number ofcreditors

1-4950-99100-199200-999

1,000-5,000 5001-10,000 10,001-25,000

25,001-50,000 50,001-100,000 More than100,000

15. Estimated Assets $0 - $50,000 $50,001 - $100,000 $100,001 - $500,000 $500,001 - $1 million

$1,000,001 - $10 million $10,000,001 - $50 million $50,000,001 - $100 million $100,000,001 - $500 million

$500,000,001 - $1 billion $1,000,000,001 - $10 billion $10,000,000,001 - $50 billion More than $50 billion

16. Estimated liabilities $0 - $50,000$50,001 - $100,000

$100,001 - $500,000 $500,001 - $1 million

$1,000,001 - $10 million $10,000,001 - $50 million $50,000,001 - $100 million $100,000,001 - $500 million

$500,000,001 - $1 billion $1,000,000,001 - $10 billion $10,000,000,001 - $50 billion More than $50 billion



Request for Relief, Declaration, and Signatures

WARNING -- Bankruptcy fraud is a serious crime. Making a false statement in connection with a bankruptcy case can result in fines up to $500,000 orimprisonment for up to 20 years, or both. 18 U.S.C. §§ 152, 1341, 1519, and 3571.

17. Declaration and signatureof authorizedrepresentative of debtor

The debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this petition.

I have been authorized to file this petition on behalf of the debtor.

I have examined the information in this petition and have a reasonable belief that the information is true and correct.

I declare under penalty of perjury that the foregoing is true and correct.

Executed on July 31, 2020MM / DD / YYYY

X /s/ Lee W. Mueller Lee W. MuellerSignature of authorized representative of debtor Printed name

Title Co-Managing Member

18. Signature of attorney X /s/ Matthew E. McClintock Date July 31, 2020Signature of attorney for debtor MM / DD / YYYY

Matthew E. McClintockPrinted name

Goldstein & McClintock LLLPFirm name

111 W Washington StreetSuite 1221Chicago, IL 60602Number, Street, City, State & ZIP Code

Contact phone (312) 337-7700 Email address [email protected]

6280574 ILBar number and State


RESOLUTION of

BOYCE HYDRO POWER, LLC (a Michigan Limited Liability Company)

Effective as of July 31, 2020

The undersigned (the “Members”), in their capacity as Co-Managing Members of Boyce Hydro Power, LLC, a Michigan limited liability company (the “Company”), and also as Co-Trustees for the trusts that collectively own 100% of the membership interests in the Company, hereby consent in writing to the following resolutions.

WHEREAS, the Members have considered the financial and operational aspects of the Company’s business and the recommendations of the Company’s professionals and advisors, and adopt the following resolutions by written consent;

NOW, THEREFORE, BE IT RESOLVED, that, in the judgment of the Members, it is desirable and in the best interest of the Company, its creditors, equity holders, and other interested parties to file a petition (the “Petition”) seeking relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Eastern District of Michigan (the “Bankruptcy Court”);

RESOLVED FURTHER, that the Petition is adopted in all respects. Lee W. Mueller (the “Authorized Representative”) is hereby authorized and directed, on behalf of the Company, to execute the Petition or authorize the execution of a filing of the Petition by the Company and to cause the same to be filed with the Bankruptcy Court at such time as the Authorized Representative considers it appropriate;

RESOLVED FURTHER, that the Authorized Representative shall be, and hereby is, authorized, directed, and empowered on behalf of and in the name of the Company to execute, verify, and cause to be filed such requests for relief from the Bankruptcy Court as the Authorized Representative may deem necessary, proper, or desirable in connection with the Petition;

RESOLVED FURTHER, that the Authorized Representative is authorized to execute and file on behalf of the Company all petitions, schedules, lists, and other motions, papers, or documents, and to take any and all action that it deems necessary or proper to obtain appropriate relief for the Company, including, without limitation, any action necessary to maintain the ordinary course operation of the Company’s business;

RESOLVED FURTHER, that the law firm of Goldstein & McClintock LLLP shall be, and hereby is, employed as general bankruptcy counsel for the Company in the Company’s chapter 11 case;

RESOLVED FURTHER, that the Authorized Representative is authorized and empowered on behalf of, and in the name of, the Company to retain and to employ other attorneys, brokers, investment bankers, accountants, restructuring professionals, financial advisors, and other

20-21215-dob Doc 1 Filed 07/31/20 Entered 07/31/20 22:20:38 Page 5 of 51

2

professionals to assist in the Company’s chapter 11 case on such terms as are deemed necessary, proper, or desirable by the Authorized Representative;

RESOLVED FURTHER, that the Authorized Representative, and any employees or agents (including counsel) designated by or directed by such Authorized Representative, shall be, and each hereby is, authorized and empowered to cause the Company and such of its affiliates as management deems appropriate to enter into, execute, deliver, certify, file, record, and perform such agreements, instruments, motions, affidavits, applications for approvals or rulings of governmental or regulatory authorities, certificates, or other documents, and to take such other actions, as in the judgment of such Authorized Representative shall be necessary, proper, and desirable to prosecute to a successful completion of the Company’s chapter 11 case, to effectuate the restructuring of the Company’s debt, other obligations, organizational form and structure, and ownership of the Company and its subsidiaries consistent with the foregoing resolutions, and to carry out and put into effect the purposes of the foregoing resolutions, and the transactions contemplated by these resolutions, their authority thereunto to be evidenced by the taking of such actions;

General Authorization

RESOLVED FURTHER, that the Authorized Representative is authorized and empowered on behalf of the Company and in its name to take or cause to be taken all actions and to execute and deliver all such instruments that the Authorized Representative of the Company approves as necessary or desirable in connection with the foregoing resolutions, such approval to be conclusively evidenced by the taking of any such action or the execution and delivery of any such instrument by the Authorized Representative of the Company;

RESOLVED FURTHER, that any specific resolutions that may be required to have been adopted in connection with the actions contemplated by the foregoing resolutions be, and they hereby are, adopted, and the Authorized Representative of the Company is authorized to certify as to the adoption of any and all such resolutions and attach such resolutions hereto;

RESOLVED FURTHER, that all actions heretofore taken by the Authorized Representative or of the Company in connection with or otherwise in contemplation of the transactions contemplated by any of the foregoing resolutions be, and they hereby are, ratified, confirmed, and approved; and




Dec 31, 19

ASSETSCurrent Assets

Checking/SavingsByline Bank Operating Acct 94,170.91

Total Checking/Savings 94,170.91

Other Current AssetsI/C Boyce Hydro 22,197.22

Total Other Current Assets 22,197.22

Total Current Assets 116,368.13

Fixed AssetsHydro Electric Plant Equipment 200,000.00

zAccumulated Depreciation -200,000.00

Total Fixed Assets 0.00

Other AssetsIntangible Assets

Capitalized Cost 226,732.88

FERC Legal Fees 64,827.00

FERC Licenses 1,400,000.00

zAccumulated Amortization -1,412,920.30

Total Intangible Assets 278,639.58

Total Other Assets 278,639.58

TOTAL ASSETS 395,007.71

LIABILITIES & EQUITYLiabilities

Current LiabilitiesOther Current Liabilities

FLTF ReimbursementsEdenville 35,709.24

Total FLTF Reimbursements 35,709.24

Total Other Current Liabilities 35,709.24

Total Current Liabilities 35,709.24

Total Liabilities 35,709.24

EquityWDB Trust #2350-30.55%

WDB Trust #2350-Distribution -19,552.00

WDB Trust #2350-30.55% - Other 175,135.00

Total WDB Trust #2350-30.55% 155,583.00

WDB Trust #3649-46.30%WDB Trust #3649-Distribution -29,632.00

WDB Trust #3649-46.30% - Other 251,154.13

Total WDB Trust #3649-46.30% 221,522.13

WDB Trust #3650-23.15%WDB Trust #3650-Distribution -14,816.00

WDB Trust #3650-23.15% - Other 146,986.84

Total WDB Trust #3650-23.15% 132,170.84

1:17 PM Boyce Hydro Power, LLC

07/12/20 Balance SheetCash Basis As of December 31, 2019

Page 1


Dec 31, 19

Net Income -149,977.50

Total Equity 359,298.47

TOTAL LIABILITIES & EQUITY 395,007.71


07/12/20 Balance SheetCash Basis As of December 31, 2019

Page 2


Jan - Dec 19

Ordinary Income/ExpenseIncome

Power Production Income 1,504,644.71

RECs income 121,922.30

Reimbursement 3,630.00

Total Income 1,630,197.01

Gross Profit 1,630,197.01

ExpenseAmortization Expense 112,770.65

Bank Charge 130.00

FERC annual feeEdenville

Admin fee 21.75

Penalty 1,330.59

Total Edenville 1,352.34

Sanford 9,397.78

FERC annual fee - Other 12,309.64

Total FERC annual fee 23,059.76

Financing Expense 2,000.00

Insurance Expense 0.00

Legal Costs 1,215.52

Office Supplies 28.90

Operations 1,100,000.00

Professional FeesAccounting 3,125.00

Appraisal 35,271.64

Environmental 9,363.32

Legal 228,246.09

Legal Services 1,776.46

Professional Fees - Other 22,051.20

Total Professional Fees 299,833.71

RECS expense 14,381.64

Rent Expense 542,294.68

Travel Expense 882.54

Utilities 3,577.11

Total Expense 2,100,174.51

Net Ordinary Income -469,977.50

Other Income/ExpenseOther Income

FLTF prepayments 320,000.00

Total Other Income 320,000.00

Net Other Income 320,000.00

Net Income -149,977.50


07/12/20 Profit & LossCash Basis January through December 2019

Page 1


Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge

10652019

U.S. Return of Partnership Income

SignHere

Paid

Preparer

Use Only

A D Employer identification number

B EType

FC

Print

G (1) (2) (3) (4) (5)

H (1) (2) (3)

I

Caution: Include only trade or business income and expenses on lines 1a through 22 below. See instructions for more information.

1a 1a

b 1b

1c

2 2

3 3

Inco

me

4 4

5 5

6 6

7 7

8 Total income (loss). Combine lines 3 through 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

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20 20

21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 . . . . . . . . . . . . . . . . . . . . . . . . . . 21

22 Ordinary business income (loss). Subtract line 21 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

For Paperwork Reduction Act Notice, see separate instructions.

Form

$

Check applicable boxes:

Check accounting method: Cash Accrual Other (specify) u . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year u . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net farm profit (loss) (attach Schedule F (Form 1040 or 1040-SR)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other income (loss) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Salaries and wages (other than to partners) (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Guaranteed payments to partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Depreciation (if required, attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Less depreciation reported on Form 1125-A and elsewhere on return . . . . . . . . . . . .

Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Retirement plans, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

OMB No. 1545-0123

Department of the TreasuryInternal Revenue Service

Principal business activity Name of partnership

Principal product or service Number, street, and room or suite no. If a P.O. box, see the instructions. Date business started

Total assetsBusiness code number City or town, state or province, country, and ZIP or foreign postal code (see instructions)

Initial return Final return Name change Address change Amended return

and belief, it is true, correct, and complete. Declaration of preparer (other than partner or limited liability company member) is based on all information ofwhich preparer has any knowledge. May the IRS discuss this return

with the preparer shown below (see

instructions)?Signature of partner or limited liability company member Date

Date Check PTINPreparer's signature

self-employed

Firm's nameF Firm's EIN u

Firm's address

Phone no.

Form 1065 (2019)

DAA

u Go to www.irs.gov/Form1065 for instructions and the latest information.

For calendar year 2019, or tax year beginning . . . . . . . . . . . . . . . . . . . . . . . . . . , ending . . . . . . . . . . . . . . . . . . . . . .

Yes No

Check if Schedules C and M-3 are attached . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .J

(see

ins

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Print/Type preparer's name if

or

Gross receipts or sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c

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Interest due under the look-back method—completed long-term contracts (attach Form 8697) . . . . . . . . . . . . . . . . . . . .

Interest due under the look-back method—income forecast method (attach Form 8866) . . . . . . . . . . . . . . . . . . . . . . . . . . .

BBA AAR imputed underpayment (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other taxes (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total balance due. Add lines 23 through 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Payment (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amount owed. If line 28 is smaller than line 27, enter amount owed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Overpayment. If line 28 is larger than line 27, enter overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

29

28

27

26

25

24

23

K Check if partnership: Grouped activities for section 469 passive activity purposesAggregated activities for section 465 at-risk purposes (2)(1)

Boyce Hydro Power LLC

6000 South M30, P.O. Box 15

Edenville MI 48620

Power Plant

Electricity

221100

26-1373034

01/01/2008

395,006

X3

1,630,200

1,630,200

1,630,200

See Statement 1 320,0001,950,200

542,295

See Statement 2 1,557,8822,100,177-149,977

X

Matthew H. Swan Matthew H. Swan 03/05/20 P00286806

Swan & Gardiner, CPA's, LLC 88-03842669005 W. Sahara AveLas Vegas, NV 89117 702-869-9700

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Other u

At the end of the tax year:

Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-

exempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit,

DAA

Form 1065 (2019)

Schedule B Other Information1 Yes No

a b

c d

e f

2

3

Form 1065 (2019) Page 2

What type of entity is filing this return? Check the applicable box:

Domestic general partnership Domestic limited partnership

Domestic limited liability company Domestic limited liability partnership

Foreign partnership

a

loss, or capital of the partnership? For rules of constructive ownership, see instructions. If “Yes,” attach Schedule

b Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of

the partnership? For rules of constructive ownership, see instructions. If “Yes,” attach Schedule B-1, Information

a

If "Yes," complete (i) through (iv) below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of

At the end of the tax year, did the partnership:

(i) Name of Corporation (ii) Employer IdentificationNumber (if any) Incorporation

(iii) Country of

StockOwned in Voting(iv) Percentage

stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions.

Entity

Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss,

or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial

b

interest of a trust? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (v) below . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(i) Name of Entity(ii) EmployerIdentification

Number (if any)

(iii) Type ofOrganization

(iv) Country of

Profit, Loss, or CapitalPercentage Owned in

(v) Maximum

B-1, Information on Partners Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

on Partners Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes No

information on any reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide

so as to reduce the principal amount of the debt? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

During the tax year, did the partnership have any debt that was canceled, was forgiven, or had the terms modified

d The partnership is not filing and is not required to file Schedule M-3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Does the partnership satisfy all four of the following conditions?

The partnership's total receipts for the tax year were less than $250,000.

The partnership's total assets at the end of the tax year were less than $1 million.

Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including

extensions) for the partnership return.

If “Yes,” the partnership is not required to complete Schedules L, M-1, and M-2; item F on page 1 of Form 1065;

or item L on Schedule K-1.

Is this partnership a publicly traded partnership as defined in section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At any time during calendar year 2019, did the partnership have an interest in or a signature or other authority over

a financial account in a foreign country (such as a bank account, securities account, or other financial account)?

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and

Financial Accounts (FBAR). If “Yes,” enter the name of the foreign country. u

a

b

c

4

5

6

7

8

9

Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

transferor to, a foreign trust? If “Yes,” the partnership may have to file Form 3520, Annual Return To Report

At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, or

See instructions for details regarding a section 754 election.

Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)? If “Yes,”

attach a statement showing the computation and allocation of the basis adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10a Is the partnership making, or had it previously made (and not revoked), a section 754 election? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b

Boyce Hydro Power LLC 26-1373034

X

X

X

X

X

X

X

X

X

X

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U.S. address of

designated individual

Designation of Partnership Representative (see instructions)

Name of PR

Enter below the information for the partnership representative (PR) for the tax year covered by this return.

Does the partnership have any foreign partners? If "Yes," enter the number of Forms 8805, Foreign Partner's

Page 3Form 1065 (2019)

Form 1065 (2019)

DAA

c Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a

substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section

734(d))? If "Yes," attach a statement showing the computation and allocation of the basis adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-11

kind exchange or contributed such property to another entity (other than disregarded entities wholly owned by the

At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other12

undivided interest in partnership property? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Disregarded Entities (FDEs) and Foreign Branches (FBs), enter the number of Forms 8858 attached. See

13 If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign

14

Information Statement of Section 1446 Withholding Tax, filed for this partnership. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

to this return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached

NoYes

partnership throughout the tax year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

U.S. address of PR U.S. phone number of

PR

Enter the number of Form(s) 5471, Information Return of U.S. Persons With Respect To Certain Foreign17

Corporations, attached to this return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16a Did you make any payments in 2019 that would require you to file Form(s) 1099? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b If "Yes," did you or will you file required Form(s) 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter the number of partners that are foreign governments under section 892 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18

Other Information (continued)Schedule B

20 Was the partnership a specified domestic entity required to file Form 8938 for the tax year? See the Instructions

During the partnership’s tax year, did the partnership make any payments that would require it to file Form 104219

and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

for Form 8938 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21 Is the partnership a section 721(c) partnership, as defined in Regulations section 1.721(c)-1T(b)(14)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

During the tax year, did the partnership pay or accrue any interest or royalty for which the deduction is not allowed22

under section 267A? See instructions. If “Yes,” enter the total amount of the disallowed deductions . . . . . . $

business in effect during the tax year? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23 Did the partnership have an election under section 163(j) for any real property trade or business or any farming

Does the partnership satisfy one or more of the following? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24

The partnership owns a pass-through entity with current, or prior year carryover, excess business interesta

b The partnership’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years

preceding the current tax year are more than $26 million and the partnership has business interest.

The partnership is a tax shelter (see instructions) and the partnership has business interest expense.

If “Yes” to any, complete and attach Form 8990.

expense.

Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? See instructions.

If “Yes,” the partnership must complete Schedule B-2 (Form 1065). Enter the total from Schedule B-2, Part III,

25

If “No,” complete Designation of Partnership Representative below.

line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the PR is an entity, name of the designated individual for the PR

If “Yes,” enter the amount from Form 8996, line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26 Is the partnership attaching Form 8996 to certify as a Qualified Opportunity Fund? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

C

designated individual

U.S. phone number of

Enter the number of foreign partners subject to section 864(c)(8) as a result of transferring all or a portion of an27

interest in the partnership or of receiving a distribution from the partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

disclosure requirements of Regulations section 1.707-8? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28 At any time during the tax year, were there any transfers between the partnership and its partners subject to the


X

X

X

0XX

00

X

XX

X

XX

X

Lee Mueller Co-Member Manager10120 W. Flamingo Rd, Ste 4 #192Las Vegas NV 89147 702-367-7302

X

0

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BOY010 03/05/2020 2:48 PM


Schedule K Partners' Distributive Share Items Total amount

1 1

2 2

3a 3a

b 3b

c 3c

4

4c

5 5

6 a 6a

Inco

me (

Lo

ss)

b 6b

7 7

8 8

9a 9a

b 9b

c 9c

10 10

11 11

12 12

13a 13a

b 13b

Ded

ucti

on

s

c 13c(2)

d

(1) Type u . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2)

Self

-

14a 14a

Em

plo

y-

b 14b

men

t

c 14c

15a 15a

b 15b

Cre

dit

s

c 15c

d 15d

e 15e

f 15f

16a

b 16b

c 16c

Fo

reig

n

Tra

nsacti

on

s

d

16h

i j 16j

m

16l

p

q 16q

17a 17a

Alt

ern

ati

ve b 17b

Min

imu

m T

ax

c 17c

d 17d

(AM

T)

Item

s

e 17e

f 17f

18a 18a

b 18b

c 18c

Oth

er

Info

rmati

on

19a 19a

b 19b

20a 20a

b 20b

c

Form 1065 (2019) Page 4

Ordinary business income (loss) (page 1, line 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other gross rental income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other net rental income (loss). Subtract line 3b from line 3a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Guaranteed payments:

Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Dividends and dividend equivalents: Ordinary dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Qualified dividends

Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net short-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net long-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Collectibles (28%) gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other income (loss) (see instructions) Type u

Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 59(e)(2) expenditures: Amount

Other deductions (see instructions)

Net earnings (loss) from self-employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gross farming or fishing income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gross nonfarm income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Low-income housing credit (section 42(j)(5)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Low-income housing credit (other) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other rental real estate credits (see instructions)

Other rental credits (see instructions)

Other credits (see instructions)

Name of country or U.S. possession u . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gross income from all sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gross income sourced at partner level . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Foreign gross income sourced at partnership level

Deductions allocated and apportioned at partner level

Interest expense u . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total foreign taxes (check one): u Paid Accrued

Reduction in taxes available for credit (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Post-1986 depreciation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Depletion (other than oil and gas) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Oil, gas, and geothermal properties – gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Oil, gas, and geothermal properties – deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other AMT items (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Distributions of cash and marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Distributions of other property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other items and amounts (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Expenses from other rental activities (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Unrecaptured section 1250 gain (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . . . . . . . . . . . . . . . . . . . . . .

Passive category u . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deductions allocated and apportioned at partnership level to foreign source income

General category u . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

OtherPassive category u . . . . . . . . . . . . . . . . . . . . . . . . . . .

DAA Form 1065 (2019)

u

u

u

u

13d

n o

16p

Type u

Type u . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other foreign tax information (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .r

h Otherg General category u . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Type u . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Type u

. . . . . . . . . . . . . . . . . . . . . .

Dividend equivalentsc 6c

Reserved for future use u . . . . . . . . . . . . . . . . . . . . . . . . . .Foreign branch category u

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .e 16e

f

Reserved for future use u . . . . . . . . . . . . . . . . . . . . . . . . . .

k l Foreign branch category u . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16o

Servicesa 4a 4bb Capital

Total. Add lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .c


-149,977

64,000

See Statement 3

BOY010 03/05/2020 2:48 PM


Analysis of Net Income (Loss)

Schedule L

Reconciliation of Income (Loss) per Books With Income (Loss) per ReturnSchedule M-1

Schedule M-2 Analysis of Partners' Capital Accounts

1 1

2 (ii) Individual (iii) Individual

Add lines 1 through 4 . . . . . . . . . . . . . . . . . . . . (Loss), line 1). Subtract line 8 from line 5 . . . . . . . .

Balance at beginning of year . . . . . . . . . . . . . Distributions: Cash . . . . . . . . . . . . . . . . . . . . . . . . . . .

Capital contributed: Cash . . . . . . . . . . . Property . . . . . . . . . . . . . . . . . . . . . . .

Property . . . . . . . .

Net income (loss) per books . . . . . . . . . . . . .

Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Add lines 1 through 4 . . . . . . . . . . . . . . . . . . . . Balance at end of year. Subtract line 8 from line 5

General partners

Limited partners

Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(attach statement)

Other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(attach statement)

Other assets(attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mortgages, notes, bonds payable in less than 1 yearOther current liabilities(attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

All nonrecourse loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mortgages, notes, bonds payable in 1 year or more . . . . . .

Other liabilities(attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tax-exempt interest

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Expenses recorded on books this year notincluded on Schedule K, lines 1 through13d, and 16p (itemize):

Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Travel andentertainment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other decreases(itemize): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other increases(itemize): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

DAA Form 1065 (2019)

Note: The partnership may be required to file Schedule M-3. See instructions.

books this year

(v) Exempt(i) Corporate (iv) Partnership

(vi)

a

b

Balance Sheets per Books

Assets (a) (b) (c) (d)

1

2a

b

3

4

56

7a

8

9a

b

10a

b

11

12a

b13

14 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liabilities and Capital

15

1617

18

19a

20

21

22 Total liabilities and capital . . . . . . . . . . . . . . . . . . . .

1 6

2

a

3 74

a

ab

8

9

5

1 6 a

2 a b

7b

34

8

5 9

Form 1065 (2019) Page 5

Net income (loss). Combine Schedule K, lines 1 through 11. From the result, subtract the sum of Schedule K, lines 12 through 13d, and 16p

Analysis by

partner type: (active) (passive) Organization

Beginning of tax year End of tax year

Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Trade notes and accounts receivable . . . . . . . .

Less allowance for bad debts . . . . . . . . . . . . . . . .

Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

U.S. government obligations . . . . . . . . . . . . . . . . .

Tax-exempt securities . . . . . . . . . . . . . . . . . . . . . . . .

Mortgage and real estate loans . . . . . . . . . . . . . .

Buildings and other depreciable assets . . . . . .

Less accumulated depreciation . . . . . . . . . . . . . .

Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Less accumulated depletion . . . . . . . . . . . . . . . . .

Land (net of any amortization) . . . . . . . . . . . . . . .

Intangible assets (amortizable only) . . . . . . . . .

Less accumulated amortization . . . . . . . . . . . . . .

Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Partners' capital accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net income (loss) per books . . . . . . . . . . . . . Income recorded on books this year not included

Income included on Schedule K, lines 1, 2, 3c, on Schedule K, lines 1 through 11 (itemize):5, 6a, 7, 8, 9a, 10, and 11, not recorded on $ . . . . . . . . . . . . . . . . . . . . . . . . . . .

(itemize): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Guaranteed payments (other than health insurance) . . . . Deductions included on Schedule K, lines 1 through 13d,

and 16p, not charged against book income this year (itemize):

Depreciation $ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ . . . . . . . . . . . . . . . . . . . . . . . . . . .

Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Income (loss) (Analysis of Net Income

Nominee/Other

Loans to partners (or persons related to partners) . .

b

b

Loans from partners (or persons related to partners)


-149,977

-149,977

10,025 94,170

See Stmt 4 171,953 22,197

200,000 200,000200,000 0 200,000 0

1,691,560 1,691,5601,300,150 391,410 1,412,921 278,639

573,388 395,006

See Stmt 5 114

See Stmt 6 35,709573,274 359,297573,388 395,006

-149,977

-149,977 -149,977

573,274

-149,977

423,297

64,000

64,000359,297

BOY010 03/05/2020 2:48 PM


2019

DAASchedule K-1 (Form 1065) 2019For Paperwork Reduction Act Notice, see Instructions for Form 1065.

*See attached statement for additional information.

19 Distributions

Tax-exempt income and18

17 Alternative minimum tax (AMT) items

Foreign transactions16

15 Credits

Other deductions13

12 Section 179 deduction

Other income (loss)

Net section 1231 gain (loss)

Unrecaptured section 1250 gain

Collectibles (28%) gain (loss)

Net long-term capital gain (loss)

Qualified dividends

Net short-term capital gain (loss)

Royalties

Ordinary dividends

Interest income

Other net rental income (loss)

Net rental real estate income (loss)

Ordinary business income (loss)

10

9c

9b

9a

8

7

6b

6a

5

4c

3

2

1

Information About the Partner

Information About the Partnership

Deductions, Credits, and Other Items

Partnership's employer identification number

Partner's Share of Current Year Income,Part III

OMB No. 1545-0123Amended K-1Final K-1

%

Part II

Part I

Partner's SSN or TIN (Do not use TIN of a disregarded entity. See instr.)

Name, address, city, state, and ZIP code for partner entered in E. See instructions.

IRS Center where partnership filed return u

Partnership's name, address, city, state, and ZIP code

F

E

D

C

B

A

u See back of form and separate instructions.

(Form 1065)

Credits, etc.Partner's Share of Income, Deductions,

endingbeginning

Internal Revenue ServiceDepartment of the Treasury

Schedule K-1

Check if this is a publicly traded partnership (PTP)

Total guaranteed payments

11

14 Self-employment earnings (loss)

nondeductible expenses

Other information20

G General partner or LLCmember-manager

Domestic partnerH1 Foreign partner

Limited partner or other LLCmember

I1 What type of entity is this partner?

Partner's share of profit, loss, and capital (see instructions):J

Beginning Ending

Profit

Loss

Capital

%

%%

%

%

K Partner's share of liabilities:

Nonrecourse . . . . .

Qualified nonrecourse

Recourse . . . . . . . .

$

$

$

$

$

$

$

$

( )

Current year net income (loss) . . . . . . . . . . . . . . . . . . . .

Capital contributed during the year . . . . . . . . . . . . . . . . .

Beginning capital account . . . . . . . . . . . . . . . . . . . . . .

Partner's Capital Account AnalysisL

Withdrawals & distributions . . . . . . . . . . . . . . . . . . . . . . .

Ending capital account . . . . . . . . . . . . . . . . . . . . . . . . .

For

IRS

Use

Only

For calendar year 2019, or tax year

M Did the partner contribute property with a built-in gain or loss?

Yes No If "Yes," attach statement. See instructions.

I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here

www.irs.gov/Form1065

.

6c Dividend equivalents

Beginning Ending

$

$

$

financing

If the partner is a disregarded entity (DE), enter the partner’s:

Name

Check if decrease is due to sale or exchange of partnership interest . . . . . . . . . . . . . . . . .

Check this box if Item K includes liability amounts from lower tier partnerships.

$Other increase (decrease) (attach explanation) . . . . . . .

Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss)N

Beginning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

$

4a Guaranteed payments for services

Guaranteed payments for capital4b

21

22

More than one activity for at-risk purposes*

More than one activity for passive activity purposes*

H2

TIN

651119Partner# 1

26-1373034


6000 South M30, P.O. Box 15Edenville MI 48620

e-file

36-6055632

William D Boyce Trust Account 2350

10120 W Flamingo Rd., Ste. 4 #192Las Vegas NV 89147

XX

Trust

30.550000 30.550000 30.550000 30.550000 30.550000 30.550000

STMT175,135

-45,818

19,552109,765

X

-45,818

A 19,552

Z* STMT

AH* STMT

BOY010 03/05/2020 2:48 PM


2019



19 Distributions




15 Credits

Other deductions13


Other income (loss)





Qualified dividends


Royalties

Ordinary dividends

Interest income




10

9c

9b

9a

8

7

6b

6a

5

4c

3

2

1







%

Part II

Part I





F

E

D

C

B

A


(Form 1065)


endingbeginning


Schedule K-1



11



Other information20






Beginning Ending

Profit

Loss

Capital

%

%%

%

%




Recourse . . . . . . . .

$

$

$

$

$

$

$

$

( )







For

IRS

Use

Only






.


Beginning Ending

$

$

$

financing


Name





Beginning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

$



21

22



H2

TIN

651119Partner# 2

26-1373034



e-file

36-6107748


10120 W. Flamingo Rd. Ste. 4 #192Las Vegas NV 89147

XX

Trust

23.150000 23.150000 23.150000 23.150000 23.150000 23.150000

STMT146,985

-34,720

14,81697,449

X

-34,720

A 14,816

Z* STMT

AH* STMT

BOY010 03/05/2020 2:48 PM


2019



19 Distributions




15 Credits

Other deductions13


Other income (loss)





Qualified dividends


Royalties

Ordinary dividends

Interest income




10

9c

9b

9a

8

7

6b

6a

5

4c

3

2

1







%

Part II

Part I





F

E

D

C

B

A


(Form 1065)


endingbeginning


Schedule K-1



11



Other information20






Beginning Ending

Profit

Loss

Capital

%

%%

%

%




Recourse . . . . . . . .

$

$

$

$

$

$

$

$

( )







For

IRS

Use

Only






.


Beginning Ending

$

$

$

financing


Name





Beginning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

$



21

22



H2

TIN

651119Partner# 3

26-1373034



e-file

36-6107747



XX

Trust

46.300000 46.300000 46.300000 46.300000 46.300000 46.300000

STMT251,154

-69,439

29,632152,083

X

-69,439

A 29,632

Z* STMT

AH* STMT

BOY010 03/05/2020 2:48 PM


W-2 wages alloc to qualified pmts

Column E

Qualified property

W-2 wages

QBI alloc to co-op pmts received

Section 199A REIT dividends




Employer Identification NumberPartnership Name

Column DColumn CColumn BColumn A

Column D . . . . . . . . . . .

Column C . . . . . . . . . . .

Column B . . . . . . . . . . .

Column A . . . . . . . . . . .

Pass-through Entity EINActivity Description

Section 199A Information Worksheet2019

Other deductions

Other income (loss)

Royalties

PTPSSTB

Section 199A(g) deduction

Schedule K, endingFor calendar year 2019 or tax year beginning

Aggr.

Number

QBI or Qualified PTP items:

Section 1231 gain (loss)

Charitable contributions

Section 179 deduction

Other Information:

Column E . . . . . . . . . . .


Form 1065, Page 1

-149,977

200,000

Page 1 of 1

BOY010 03/05/2020 2:48 PM



Taxpayer Identification NumberPartner's Name

For calendar year 2019 or tax year beginning , endingSchedule K-1

SSTB PTP

Royalties

Other income (loss)

Other deductions

2019Partner's Section 199A Information Worksheet

Activity Description Pass-through Entity EIN

Column A . . . . . . . . . . .

Column B . . . . . . . . . . .

Column C . . . . . . . . . . .

Column D . . . . . . . . . . .

Column A Column B Column C Column D

Partnership Name Employer Identification Number






W-2 wages

Qualified property

Column E

Aggr.

Number


Schedule K-1, Box 20, Code Z - Section 199A Information





Other Information:

Column E . . . . . . . . . . .

Partner# 1


William D Boyce Trust Account 2350 36-6055632

Form 1065, Page 1

-45,818

61,100

Page 1 of 1

BOY010 03/05/2020 2:48 PM





SSTB PTP

Royalties

Other income (loss)

Other deductions



Column A . . . . . . . . . . .

Column B . . . . . . . . . . .

Column C . . . . . . . . . . .

Column D . . . . . . . . . . .








W-2 wages

Qualified property

Column E

Aggr.

Number







Other Information:

Column E . . . . . . . . . . .

Partner# 2



Form 1065, Page 1

-34,720

46,300

Page 1 of 1

BOY010 03/05/2020 2:48 PM





SSTB PTP

Royalties

Other income (loss)

Other deductions



Column A . . . . . . . . . . .

Column B . . . . . . . . . . .

Column C . . . . . . . . . . .

Column D . . . . . . . . . . .








W-2 wages

Qualified property

Column E

Aggr.

Number







Other Information:

Column E . . . . . . . . . . .

Partner# 3



Form 1065, Page 1

-69,439

92,600

Page 1 of 1

BOY010 03/05/2020 2:48 PM


BOY010 Boyce Hydro Power LLC 3/5/2020 2:48 PM

26-1373034 Federal StatementsFYE: 12/31/2019

Statement 1 - Form 1065, Page 1, Line 7 - Other Income (Loss)

Description AmountFLTF $ 320,000

Total $ 320,000

Statement 2 - Form 1065, Page 1, Line 20 - Other Deductions

Description AmountBank Charges $ 130Fees 2,000FERC Fees 23,060Legal Costs 1,216Management Fees 1,100,000Office Supplies 29Professional Fees 299,834RECS Expenses 14,382Travel 883Utilities 3,577Amortization 112,771

Total $ 1,557,882

Statement 3 - Form 1065, Schedule K, Line 20c - Other Items and Amounts

Description AmountSee attached Section 199A Information Worksheet $

Statement 4 - Form 1065, Schedule L, Line 6 - Other Current Assets

Beginning EndDescription of Year of Year

I/C Loan ro Boyce Hydro, LLC $ $ 22,197Edenville Escrow 171,953

Total $ 171,953 $ 22,197

Statement 5 - Form 1065, Schedule L, Line 17 - Other Current Liabilities


Loan from Sanford Hydro $ $Loan from Smallwood 114

Total $ 114 $ 0

1-5



26-1373034 Federal StatementsFYE: 12/31/2019

Statement 6 - Form 1065, Schedule L, Line 20 - Other Liabilities


FLTF Reimbursements $ $ 35,709

Total $ 0 $ 35,709


PartnerNumber

Profit

Beginning Ending


, and endingFor calendar year 2019, or tax year beginningForm 1065

Schedule K-1 Percentages Summary Worksheet

2019

Partner Name

Loss Capital

EndingBeginning Beginning Ending


1 William D Boyce Trust Account 2350 30.550000 30.550000 30.550000 30.550000 30.550000 30.5500002 William D Boyce Trust Account 3650 23.150000 23.150000 23.150000 23.150000 23.150000 23.1500003 William D Boyce Trust Account 3649 46.300000 46.300000 46.300000 46.300000 46.300000 46.300000

Page 1 of 1

BOY010 03/05/2020 2:48 PM


Total all pages

Total this page

PartnerNumber

EndingBasisDecreases

AllowedDistribution inBeginningBasis Increases Excess of Basis


, and endingFor calendar year 2019, or tax year beginningForm 1065

Reconciliation of Partners' Basis Worksheet

2019

Partner Name


1 William D Boyce Trust Account 2350 175,135 -19,552 0 45,818 109,7652 William D Boyce Trust Account 3650 146,985 -14,816 0 34,720 97,4493 William D Boyce Trust Account 3649 251,154 -29,632 0 69,439 152,083

573,274573,274

-64,000-64,000

00

149,977149,977

359,297359,297

Page 1 of 1

BOY010 03/05/2020 2:48 PM



26-1373034 Federal Asset ReportFYE: 12/31/2019 Form 1065, Page 1

Date Bus Sec BasisAsset Description In Service Cost % 179Bonus for Depr PerConv Meth Prior Current

Prior MACRS:1 Hydro Electric Plant Equipment 3/15/06 200,000 200,000 15 HY S/L 200,000 0

200,000 200,000 200,000 0

Amortization:2 FERC Licenses 3/15/06 1,400,000 1,400,000 15 MOAmort 1,142,222 93,3343 Legal Fees - FERC 7/15/07 50,000 50,000 15 MOAmort 38,333 3,3344 FERC Legal 7/15/07 14,827 14,827 15 MOAmort 11,368 9885 Capitalized Fees 11/28/11 208,534 208,534 15 MOAmort 99,633 13,9026 Capitalized Fees 12/05/11 18,199 18,199 15 MOAmort 8,594 1,213

1,691,560 1,691,560 1,300,150 112,771

1,891,560 1,891,560 1,500,150 112,771Grand Totals0 0 0 0Less: Dispositions and Transfers0 0 0 0Less: Start-up/Org Expense

1,891,560 1,891,560 1,500,150 112,771Net Grand Totals



26-1373034 Future Depreciation Report FYE: 12/31/20FYE: 12/31/2019 Form 1065, Page 1

Date InAsset Description Service Cost Tax AMT ACE

Prior MACRS:

1 Hydro Electric Plant Equipment 3/15/06 200,000 0 0 0

200,000 0 0 0

Amortization:

2 FERC Licenses 3/15/06 1,400,000 93,333 0 03 Legal Fees - FERC 7/15/07 50,000 3,333 0 04 FERC Legal 7/15/07 14,827 989 0 05 Capitalized Fees 11/28/11 208,534 13,902 13,902 06 Capitalized Fees 12/05/11 18,199 1,214 1,214 0

1,691,560 112,771 15,116 0

1,891,560 112,771 15,116 0Grand Totals


2019



19 Distributions




15 Credits

Other deductions13


Other income (loss)





Qualified dividends


Royalties

Ordinary dividends

Interest income




10

9c

9b

9a

8

7

6b

6a

5

4c

3

2

1







%

Part II

Part I





F

E

D

C

B

A


(Form 1065)


endingbeginning


Schedule K-1



11



Other information20






Beginning Ending

Profit

Loss

Capital

%

%%

%

%




Recourse . . . . . . . .

$

$

$

$

$

$

$

$

( )







For

IRS

Use

Only






.


Beginning Ending

$

$

$

financing


Name





Beginning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

$



21

22



H2

TIN

651119Partner# 1

26-1373034



e-file

36-6055632


10120 W Flamingo Rd., Ste. 4 #192Las Vegas NV 89147

XX

Trust

30.550000 30.550000 30.550000 30.550000 30.550000 30.550000

STMT175,135

-45,818

19,552109,765

X

-45,818

A 19,552

Z* STMT

AH* STMT

BOY010 03/05/2020 2:48 PM


Interest expense

See Form 8866

Foreign branch category

E


A

Gross income sourced at

Empowerment zone

income

N

(other than rental real estate)

See the Partner's Instructions

Form 4136

Form 4952, line 5

Form 4952, line 4a

See the Partner's InstructionsSection 1(h)(5) gain (loss)


unrecaptured gain

20. Other information

AD

B

C

D

E

J

M

O

AA

AB

Look-back interest – completed

Fuel tax credit information

Investment income

long-term contracts

Dispositions of property withsection 179 deductions

Recapture of section 179 deduction

through Y

Investment expenses


See the Partner's InstructionsNondeductible expensesC

Tax-exempt income and nondeductible expenses

A

B

18.

Other tax-exempt income

Tax-exempt interest income

See the Partner's

Post-1986 depreciation adjustment

Adjusted gain or loss


17.

B

A

Alternative minimum tax (AMT) items

Other deductionsA

B

C

D

E

F

Oil, gas, & geothermal – deductions

Oil, gas, & geothermal – gross income

Depletion (other than oil & gas)

Cash contributions (30%)

Other AMT items

the Instructions forInstructions and

Form 8873

Form 8873

Total foreign taxes accruedQ

P

O Other

Total foreign taxes paid Form 1116, Part II

Form 1116, Part II

Form 1116, line 12

M

N General category

Passive category

Other

Reserved for future use

J

I

Other

General category

H

G

Form 1116, Part I

Form 1116, Part I

D

E

F


Passive category

Form 1116, Part I

Foreign transactions

A

B

C

16.

Gross income from all sources

possessionName of country or U.S.

O

P

Credit for employer socialsecurity and Medicare taxes

Backup withholding

employment creditM

Code Report on

Form 1040 or 1040-SR, line 2a


Schedule SE, Section A or BNet earnings (loss) fromself-employment

Gross farming or fishing income

Gross non-farm income

Low-income housing credit


(section 42(j)(5)) from pre-2008


DAA

A

B

C

A

C

E

F

Self-employment earnings (loss)


See Form 8582 instructions


Schedule A, line 1, or Schedule 1


Schedule E, line 19

Form 4952, line 1

Schedule A, line 16



Form 6781, line 1

See Pub. 535

Dependent care benefits

Commercial revitalization deductionfrom rental real estate activities

Amounts paid for medical insurance

Educational assistance benefits

Section 59(e)(2) expenditures

Deductions – royalty income

Investment interest expense

Deductions – portfolio (other)

Excess business interest expense

Capital gain property (20%)

organization (30%)


Noncash contributions (50%)


Capital gain property to a 50%

14.

12.

Section 743(b) positive adjustments

Mining exploration costs recapture

Sec. 1256 contracts & straddles

Involuntary conversions

Other portfolio income (loss)



(Schedule D instructions)28% Rate Gain Worksheet, line 4

Schedule D, line 12

Schedule D, line 5Schedule E, line 4


Form 1040 or 1040-SR, line 3b


Q

P

N

M

L

Look-back interest – income forecast

K

J

I

H

G

F

E

D

C

B

A

F

D

C

B

ACode

Other income (loss)






Qualified dividends

Ordinary dividends

Interest income

Guaranteed payment Services

11.

10.

9c.

9a.

8.7.

6b.

6a.

5.

4a.

Schedule E, line 28, column (h)

See the Partner's InstructionsNet loss

Net incomeOther net rental income (loss)3.

Net rental real estate income (loss)2.

Schedule E, line 28, column (k)



Report on

Nonpassive income

Nonpassive loss

Passive income

Passive loss

passive or nonpassive and enter on your return as follows.

Ordinary business income (loss). Determine whether the income (loss) is1.

For detailed reporting and filing information, see the separate Partner's Instructions for Schedule K-1 and the instructions for your income tax return.This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040 or 1040-SR.

Page 2Schedule K-1 (Form 1065) 2019

Form 1116, Part I

Z

AC

N

Section 704(c) information

Interest expense for corporate



Deductions allocated and apportioned at partnership level to foreign source

L Foreign branch category

K

Other information

Royalties

9b.


Cancellation of debt

Form 2441, line 12O

Preproductive period expenses See the Partner's Instructions

R Pensions and IRAs See the Partner's Instructions


15. Credits

Note: If you have a section 179 deduction or any partner-level deductions, see the

B

(section 42(j)(5)) from

D

Qualified rehabilitation expenditures

Partner's Instructions before completing Schedule SE.

13.

19. Distributions

A

B

Other credits

Form 6251

Cash and marketable securities

Other property


Section 199A information

AE

AF

AG

Excess taxable income

Excess business interest income

Gross receipts for section 59A(e)

See Form 8697



G


Qualified rehabilitation


Reforestation expense deductionT


through US


Section 965(c) deductionOther deductions

X

Other rental real estate credits

Other rental credits


Basis of energy property

K

L

through G

Recapture of investment credit

Recapture of other credits

F

H

I


See Form 4255


partner level

method

}

}

}

}

}

}

}

Distribution subject to section 737

C

Other informationAH

}

W

Contributions (100%)

(other) from pre-2008 buildings

(other) from post-2007

expenditures (rental real estate)

L

Credit for increasing researchSee the Partner's Instructions}

buildings

post-2007 buildings

buildings

activities

Work opportunity creditKJ

Disabled access credit

Form 1116, Part I

6c. Dividend equivalents

G

H

I

Section 965(a) inclusionIncome under subpart F (other

Other income (loss)

RS

Reduction in taxes available for creditForeign trading gross receipts

T

U

Extraterritorial income exclusion

through V

W

X

Section 965 information

Other foreign transactions


}

} See the Partner's Instructions

than inclusions under sections

4b. Guaranteed payment Capital See the Partner's Instructions

Guaranteed payment Total4c. See the Partner's Instructions

951A and 965)


(Form 1040 or 1040-SR), line 16

V Section 743(b) negative adjustments

}

H Undistributed capital gains credit Schedule 3 (Form 1040 or 1040-SR),line 13, box a

Biofuel producer creditI See the Partner's Instructions


}

partners

Deemed section 1250



26-1373034 Federal StatementsFYE: 12/31/2019 William D Boyce Trust Account 2350

36-6055632

Schedule K-1, Item L - Partner's Capital Account Analysis

DescriptionCapital account accounting method: Tax basis

Schedule K-1, Line 20AH - Additional Supplemental Information

Description8990 Gross Receipts for 2018 724,402

8990 Gross Receipts for 2017 859,351



2019Analysis of Partner's K-1, Current Year Net Income (Loss) Worksheet

For calendar year 2019, or tax year beginning , and ending


Partner's Name Taxpayer Identification Number

Items Included in Current Year Income (Loss):

Schedule K-1

Partner# 1



Schedule K Additions: Ordinary Income/Loss -45,818

____________

Subtotal -45,818____________

Total per Schedule K-1, Current Year Net Income (Loss) -45,818============

Page 1 of 1

BOY010 03/05/2020 2:48 PM





SSTB PTP

Royalties

Other income (loss)

Other deductions



Column A . . . . . . . . . . .

Column B . . . . . . . . . . .

Column C . . . . . . . . . . .

Column D . . . . . . . . . . .








W-2 wages

Qualified property

Column E

Aggr.

Number







Other Information:

Column E . . . . . . . . . . .

Partner# 1



Form 1065, Page 1

-45,818

61,100

Page 1 of 1

BOY010 03/05/2020 2:48 PM


, and ending

Capital contributions: Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Property (adjusted basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Excess depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Income items: Ordinary business income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net rental real estate income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other net rental income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net short-term capital gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net long-term capital gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other portfolio income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net section 1231 gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tax-exempt interest and other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . .

Distributions:

Change in liabilities:

Noncapital expenses:

Deductible losses: Ordinary business loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net rental real estate loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other net rental loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net short-term capital loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net long-term capital loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other portfolio loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net section 1231 loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 179 deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Portfolio income deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 59(e)(2) expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other decreases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Note to partner: This worksheet was prepared based on partnership records. Please consult with your tax advisor for adjustments.

Schedule K-1



Prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Partner's Basis Worksheet, Page 1

2019

Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

For calendar year 2019, or tax year beginning

Transfer of capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gain on disposition of section 179 assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Distribution in excess of partner basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other increases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Loss on disposition of section 179 assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

( )

)(

Partner# 1



175,135

19,55219,552

155,583

45,818

45,818

109,765

BOY010 03/05/2020 2:48 PM


2019



19 Distributions




15 Credits

Other deductions13


Other income (loss)





Qualified dividends


Royalties

Ordinary dividends

Interest income




10

9c

9b

9a

8

7

6b

6a

5

4c

3

2

1







%

Part II

Part I





F

E

D

C

B

A


(Form 1065)


endingbeginning


Schedule K-1



11



Other information20






Beginning Ending

Profit

Loss

Capital

%

%%

%

%




Recourse . . . . . . . .

$

$

$

$

$

$

$

$

( )







For

IRS

Use

Only






.


Beginning Ending

$

$

$

financing


Name





Beginning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

$



21

22



H2

TIN

651119Partner# 2

26-1373034



e-file

36-6107748



XX

Trust

23.150000 23.150000 23.150000 23.150000 23.150000 23.150000

STMT146,985

-34,720

14,81697,449

X

-34,720

A 14,816

Z* STMT

AH* STMT

BOY010 03/05/2020 2:48 PM


Interest expense

See Form 8866


E


A


Empowerment zone

income

N



Form 4136

Form 4952, line 5

Form 4952, line 4a



unrecaptured gain


AD

B

C

D

E

J

M

O

AA

AB



Investment income

long-term contracts



through Y

Investment expenses




A

B

18.



See the Partner's




17.

B

A


Other deductionsA

B

C

D

E

F





Other AMT items


Form 8873

Form 8873


P

O Other


Form 1116, Part II

Form 1116, line 12

M

N General category

Passive category

Other


J

I

Other

General category

H

G

Form 1116, Part I

Form 1116, Part I

D

E

F


Passive category

Form 1116, Part I


A

B

C

16.



O

P


Backup withholding

employment creditM

Code Report on










DAA

A

B

C

A

C

E

F







Schedule E, line 19

Form 4952, line 1

Schedule A, line 16



Form 6781, line 1

See Pub. 535











organization (30%)





14.

12.









Schedule D, line 12





Q

P

N

M

L


K

J

I

H

G

F

E

D

C

B

A

F

D

C

B

ACode

Other income (loss)






Qualified dividends

Ordinary dividends

Interest income


11.

10.

9c.

9a.

8.7.

6b.

6a.

5.

4a.








Report on

Nonpassive income

Nonpassive loss

Passive income

Passive loss





Form 1116, Part I

Z

AC

N







K

Other information

Royalties

9b.



Form 2441, line 12O




15. Credits


B


D



13.

19. Distributions

A

B

Other credits

Form 6251


Other property



AE

AF

AG




See Form 8697



G






through US



X





K

L

through G



F

H

I


See Form 4255


partner level

method

}

}

}

}

}

}

}


C

Other informationAH

}

W





L


buildings

post-2007 buildings

buildings

activities



Form 1116, Part I


G

H

I


Other income (loss)

RS


T

U


through V

W

X




}





951A and 965)


(Form 1040 or 1040-SR), line 16


}




}

partners

Deemed section 1250




36-6107748




Description8990 Gross Receipts for 2018 548,933









Schedule K-1

Partner# 2




____________

Subtotal -34,720____________


Page 1 of 1

BOY010 03/05/2020 2:48 PM





SSTB PTP

Royalties

Other income (loss)

Other deductions



Column A . . . . . . . . . . .

Column B . . . . . . . . . . .

Column C . . . . . . . . . . .

Column D . . . . . . . . . . .








W-2 wages

Qualified property

Column E

Aggr.

Number







Other Information:

Column E . . . . . . . . . . .

Partner# 2



Form 1065, Page 1

-34,720

46,300

Page 1 of 1

BOY010 03/05/2020 2:48 PM


, and ending







Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .




Net section 1231 gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Distributions:






Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .




Net section 1231 loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .






Foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other decreases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Schedule K-1



Prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


2019


Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .





Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .



Other increases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


( )

)(

Partner# 2



146,985

14,81614,816

132,169

34,720

34,720

97,449

BOY010 03/05/2020 2:48 PM


2019



19 Distributions




15 Credits

Other deductions13


Other income (loss)





Qualified dividends


Royalties

Ordinary dividends

Interest income




10

9c

9b

9a

8

7

6b

6a

5

4c

3

2

1







%

Part II

Part I





F

E

D

C

B

A


(Form 1065)


endingbeginning


Schedule K-1



11



Other information20






Beginning Ending

Profit

Loss

Capital

%

%%

%

%




Recourse . . . . . . . .

$

$

$

$

$

$

$

$

( )







For

IRS

Use

Only






.


Beginning Ending

$

$

$

financing


Name





Beginning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

$



21

22



H2

TIN

651119Partner# 3

26-1373034



e-file

36-6107747



XX

Trust

46.300000 46.300000 46.300000 46.300000 46.300000 46.300000

STMT251,154

-69,439

29,632152,083

X

-69,439

A 29,632

Z* STMT

AH* STMT

BOY010 03/05/2020 2:48 PM


Interest expense

See Form 8866


E


A


Empowerment zone

income

N



Form 4136

Form 4952, line 5

Form 4952, line 4a



unrecaptured gain


AD

B

C

D

E

J

M

O

AA

AB



Investment income

long-term contracts



through Y

Investment expenses




A

B

18.



See the Partner's




17.

B

A


Other deductionsA

B

C

D

E

F





Other AMT items


Form 8873

Form 8873


P

O Other


Form 1116, Part II

Form 1116, line 12

M

N General category

Passive category

Other


J

I

Other

General category

H

G

Form 1116, Part I

Form 1116, Part I

D

E

F


Passive category

Form 1116, Part I


A

B

C

16.



O

P


Backup withholding

employment creditM

Code Report on










DAA

A

B

C

A

C

E

F







Schedule E, line 19

Form 4952, line 1

Schedule A, line 16



Form 6781, line 1

See Pub. 535











organization (30%)





14.

12.









Schedule D, line 12





Q

P

N

M

L


K

J

I

H

G

F

E

D

C

B

A

F

D

C

B

ACode

Other income (loss)






Qualified dividends

Ordinary dividends

Interest income


11.

10.

9c.

9a.

8.7.

6b.

6a.

5.

4a.








Report on

Nonpassive income

Nonpassive loss

Passive income

Passive loss





Form 1116, Part I

Z

AC

N







K

Other information

Royalties

9b.



Form 2441, line 12O




15. Credits


B


D



13.

19. Distributions

A

B

Other credits

Form 6251


Other property



AE

AF

AG




See Form 8697



G






through US



X





K

L

through G



F

H

I


See Form 4255


partner level

method

}

}

}

}

}

}

}


C

Other informationAH

}

W





L


buildings

post-2007 buildings

buildings

activities



Form 1116, Part I


G

H

I


Other income (loss)

RS


T

U


through V

W

X




}





951A and 965)


(Form 1040 or 1040-SR), line 16


}




}

partners

Deemed section 1250




36-6107747




Description8990 Gross Receipts for 2018 1,097,866

8990 Gross Receipts for 2017 1,302,387

8990 Gross Receipts for 2016 1,195,918







Schedule K-1

Partner# 3




____________

Subtotal -69,439____________


Page 1 of 1

BOY010 03/05/2020 2:48 PM





SSTB PTP

Royalties

Other income (loss)

Other deductions



Column A . . . . . . . . . . .

Column B . . . . . . . . . . .

Column C . . . . . . . . . . .

Column D . . . . . . . . . . .








W-2 wages

Qualified property

Column E

Aggr.

Number







Other Information:

Column E . . . . . . . . . . .

Partner# 3



Form 1065, Page 1

-69,439

92,600

Page 1 of 1

BOY010 03/05/2020 2:48 PM


, and ending







Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .




Net section 1231 gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Distributions:






Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .




Net section 1231 loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .






Foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other decreases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Schedule K-1



Prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


2019


Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .





Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .



Other increases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


( )

)(

Partner# 3



251,154

29,63229,632

221,522

69,439

69,439

152,083

BOY010 03/05/2020 2:48 PM


United States Bankruptcy CourtEastern District of Michigan

In re Boyce Hydro Power, LLC Case No.Debtor(s) Chapter 11

LIST OF EQUITY SECURITY HOLDERS

Following is the list of the Debtor's equity security holders which is prepared in accordance with rule 1007(a)(3) for filing in this Chapter 11 Case

Name and last known address or place ofbusiness of holder

Security Class Number of Securities Kind of Interest

William D. Boyce Trust No. 2350 30.55% Membership Interest



DECLARATION UNDER PENALTY OF PERJURY ON BEHALF OF CORPORATION OR PARTNERSHIP

I, the Co-Managing Member of the corporation named as the debtor in this case, declare under penalty of perjurythat I have read the foregoing List of Equity Security Holders and that it is true and correct to the best of my informationand belief.

Date July 31, 2020 Signature /s/ Lee W. MuellerLee W. Mueller

Penalty for making a false statement of concealing property: Fine of up to $500,000 or imprisonment for up to 5 years or both. 18 U.S.C. §§ 152 and 3571.

Sheet 1 of 1 in List of Equity Security HoldersSoftware Copyright (c) 1996-2019 Best Case, LLC - www.bestcase.com Best Case Bankruptcy


Revised 02/04



STATEMENT OF DEBTOR REGARDINGCORPORATE OWNERSHIP

The following entities directly or indirectly own 10% or more of any class of the debtor's equity interest:

Name: William D. Boyce Trust No. 2350 (30.55%)Address:Name: William D. Boyce Trust No. 3649 (46.30%)Address:Name: William D. Boyce Trust No. 3650 (23.15%)Address:

(For additional names, attach an addendum to this form)

There are no entities that directly or indirectly own 10% or more of any class of the debtor's equityinterest.


Dated: July 31, 2020 /s/ Lee W. MuellerSignature of Authorized IndividualFor Corporation Debtor

Lee W. MuellerPrint Name

Co-Managing MemberTitle

Software Copyright (c) 1996-2019 Best Case, LLC - www.bestcase.com Best Case Bankruptcy20-21215-dob Doc 1 Filed 07/31/20 Entered 07/31/20 22:20:38 Page 49 of 51

Fill in this information to identify the case:

Debtor name Boyce Hydro Power, LLC

United States Bankruptcy Court for the: EASTERN DISTRICT OF MICHIGAN

Case number (if known)Check if this is anamended filing

Official Form 202Declaration Under Penalty of Perjury for Non-Individual Debtors 12/15

An individual who is authorized to act on behalf of a non-individual debtor, such as a corporation or partnership, must sign and submit thisform for the schedules of assets and liabilities, any other document that requires a declaration that is not included in the document, and anyamendments of those documents. This form must state the individual’s position or relationship to the debtor, the identity of the document,and the date. Bankruptcy Rules 1008 and 9011.

WARNING -- Bankruptcy fraud is a serious crime. Making a false statement, concealing property, or obtaining money or property by fraud inconnection with a bankruptcy case can result in fines up to $500,000 or imprisonment for up to 20 years, or both. 18 U.S.C. §§ 152, 1341,1519, and 3571.

Declaration and signature

I am the president, another officer, or an authorized agent of the corporation; a member or an authorized agent of the partnership; or anotherindividual serving as a representative of the debtor in this case.

I have examined the information in the documents checked below and I have a reasonable belief that the information is true and correct:

Schedule A/B: Assets–Real and Personal Property (Official Form 206A/B)Schedule D: Creditors Who Have Claims Secured by Property (Official Form 206D)Schedule E/F: Creditors Who Have Unsecured Claims (Official Form 206E/F)Schedule G: Executory Contracts and Unexpired Leases (Official Form 206G)Schedule H: Codebtors (Official Form 206H)Summary of Assets and Liabilities for Non-Individuals (Official Form 206Sum)Amended ScheduleChapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Claims and Are Not Insiders (Official Form 204)Other document that requires a declaration


Executed on July 31, 2020 X /s/ Lee W. MuellerSignature of individual signing on behalf of debtor

Lee W. MuellerPrinted name

Co-Managing MemberPosition or relationship to debtor

Official Form 202 Declaration Under Penalty of Perjury for Non-Individual DebtorsSoftware Copyright (c) 1996-2019 Best Case, LLC - www.bestcase.com Best Case Bankruptcy




VERIFICATION OF CREDITOR MATRIX

I, the Co-Managing Member of the corporation named as the debtor in this case, hereby verify that the attached list of creditors is true

and correct to the best of my knowledge.

Date: July 31, 2020 /s/ Lee W. MuellerLee W. Mueller/Co-Managing MemberSigner/Title

Software Copyright (c) 1996-2019 Best Case, LLC - www.bestcase.com Best Case Bankruptcy20-21215-dob Doc 1 Filed 07/31/20 Entered 07/31/20 22:20:38 Page 51 of 51

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